Intraday Market Thoughts
Archived IMT (2009.03.09)
by
Mar 9, 2009 19:45
EQUITY SELLING continues as S&P500 hits 13-year lows and the Dow at 12-yr lows (see Hot-Chart from Feb 18 on MULTIYEAR EQUITY INDICES http://www.ashraflaidi.com/hot-chart/?a=382 ), drawing closer to my target of 5,500 in the Dow and 560 in the S&P ( see previous articles such as Equities/Gold ratio). Nonetheless, the VIX remains under the 50 level and well below its 100-day moving average of 53. This indicates that the persistent selling remains orderly and the depth of the bear market is only comparable to the 1930s. Gold drios by more than $30 but support is well cemented at $885. Friday's call favoring silver has yet to target $13.20, followed by $13.60.
Latest IMTs
-
Breaking Debt Ceiling & Forex Brokers
by Ashraf Laidi | Jun 6, 2025 17:33
-
Recession Metric & Tariff Marsh
by Ashraf Laidi | May 26, 2025 13:47
-
Bitcoin Maths رياضيات بيتكوين
by Ashraf Laidi | May 12, 2025 0:10
-
Gold Correction or Breakdown
by Ashraf Laidi | Apr 25, 2025 14:56
-
Forecaster App التطبيق الذي كنت تنتظره
by Ashraf Laidi | Feb 23, 2025 23:00